Thursday, 7 November 2013

Economy News Headlines - Yahoo! News: Washington state takes steps to nail down Boeing 777X contract

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more. 
Washington state takes steps to nail down Boeing 777X contract
Nov 8th 2013, 00:42

An Airbus A380 plane takes off during a demonstration flight at the MAKS International Aviation and Space Salon in ZhukovskyBy Jonathan Kaminsky and Alwyn Scott OLYMPIA, Wash./ NEW YORK (Reuters) - The Washington state legislature met on Thursday in a special session to consider tax breaks aimed at ensuring Boeing Co Washington Governor Jay Inslee, a Democrat, called the session to seek roughly $8 billion in tax incentives along with a streamlined permitting process for Boeing and $10 billion in funding for transportation improvements. But to win the coveted work for Washington, Boeing's machinists must ratify a long-term labor contract with concessions on pensions and healthcare. "Assembly of that airplane will be the lynchpin of economic growth for the state of Washington for decades to come," Inslee said, speaking before the Washington state House Finance Committee on Thursday.


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